1980-074NO /D -7
AN ORDINANCE LEVYING THE AD VALOREM TAX OF THE CITY OF DENTON,
TEXAS, FOR THE YEAR 1980, AT THE RATE OF $1 29 PER $100 00
ASSESSED VALUATION ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE
LIMITS OF THE CITY ON JANUARY 1, 1980, NOT EXEMPT BY LAW,
PROVIDING REVENUES FOR PAYMENT OF CURRENT MUNICIPAL EXPENSES,,
AND FOR INTEREST AND SINKING FUND ON OUTSTANDING CITY OF DENTON
BONDS, PROVIDING FOR LIMITED EXEMPTIONS OF CERTAIN HOMESTEADS,
PROVIDING FOR ENFORCEMENT OF COLLECTIONS, PROVIDING FOR A
SEVERABILITY CLAUSE, AND PROVIDING AN EFFECTIVE DATE
THE COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY ORDAINS
SECTION I
That by authority of the Charter of the City of Denton,
Texas and the laws of the State of Texas, there is hereby levied
for the year 1980, on all taxable property, situated within the
corporate limits of the City of Denton on the first day of
January, 1980, and not exempt by the Constitution and laws of
the State of Texas or by Section 2 of this Ordinance, a tax of
$1 29 on each $100 00 assessed value of all taxable property
which shall be apportioned and distributed as follows
(a) For the General Fund of the City of Denton,
$ 6665 on each $100 00 of assessed value,
(b) For the purpose of creating a sinking fund to pay
the interest and principal on outstanding bonded
indebtedness on all outstanding City of Denton
bonds, not otherwise provided for, $ 6235 on each
$100 00 of assessed value
SECTION II
That that pursuant to Article VIII, Section 1-b of the Texas
Constitution, $8,000 of the assessed value of resident home-
steads of persons sixty-five (65) years of age or older, shall
be exempt from City ad valorem taxes
SECTION III
That for enforcement of the collection of taxes hereby
levied, the City of Denton shall have available all rights and
remedies provided by law
SECTION IV
That if any section, subsection, paragraph, sentence,
clause, phrase or word in this ordinance, or application thereof
to any person or circumstances is held invalid by any court of
competent jurisdiction, such holding shall not affect the
validity of the remaining portions of this ordinance, and the
City Council of the City of Denton, Texas, hereby declares it
would have enacted such remaining portions despite any such
invalidity
SECTION V
That this ordinance shall be effective immediately from and
after its passage and approval
PASSED AND APPROVED this the 16th day of September, A D
1980
R HARD TALIAFi O
MAYOR PRO-TEM
CITY OF DENTON, TEXAS
APPROVED AS TO LEGAL FORM
~4 A0~0010
R OKS HOLT, CITY SECRETARY
CITY OF DENTON, TEXAS
APPROVED AS TO LEGAL FORM
C J TAYLOR, JR , CITY ATTORNEY
CITY F DENTON, TEXAS
BY C